Nvidia's board of directors announced today that Huang Renxun has resigned as president, CEO and director, with immediate effect. Colette Kress, the company's current executive vice president and chief financial officer, will serve as interim CEO. Nvidia's board of directors also appointed Harvey C. Jones as the first chairman in the company's history. Jones said, “Colette has led Nvidia through a period of rapid growth. She has a deep understanding of our business, customers, operations, and financial situation. She will be supported by an experienced management team, which has been the backbone of implementing Nvidia's strategy and advancing the technology roadmap. The board has full confidence in Colette and the management team, and we expect that the company's operations, customer commitments, and product roadmap will continue to advance without interruption.” “Nvidia's strength has always come from its employees,” Kress said. Together with the management team, I will continue to build on the solid foundation that Hwang In-hoon has built over the past 33 years. We will continue to advance various tasks, consolidate Nvidia's leading position in the field of accelerated computing and AI, and seize future opportunities. Our focus remains on serving our customers, partners, developers, and shareholders.”

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